Ethiopian Potash project on hunt for additional $30 million

The partners behind the Circum Minerals Potash Project in the Danakil basin in Eastern Ethiopia are looking to raise $30 million from new investors to finance post-Definitive Feasibility value adding studies and buy out early high net worth investors. The first phase of the project which is looking to start production in in the second half of 2018 will aim to produce 2.75 million tonnes of potash which will be sold to India and China.